Explore intangible assets. Learn the definition of intangible assets and understand their different types. Discover various intangible assets...
A partial currency substitution occurs when local residents opt to hold a significant share of their financial assets denominated in foreign currencies to minimize the risk of revaluation of exchange rate changes on their assets. Substitution of Chinese Yuan with Pakistani Rupee in Gwadar Economic Zone...
An income statement is a core financial statement that shows you the company’s revenues, costs and expenses, net income or loss, and other comprehensive income (loss) for a period of time used in accounting.
Company Assets | Definition, Types & Examples Accounting Principles | Definition & Importance Book Value | Definition, Formula & Calculation Bond Yield | Overview, Calculation & Significance Differences Between GAAP & IFRS Create an account to start this course today Used by over 30 million students...
According to the IFRS, intangible assets are identifiable, non-monetary assets without physical substance. Like all assets, intangible assets
According to the IFRS, intangible assets are identifiable, non-monetary assets without physical substance. Like all assets, intangible assets
of the assets due to revaluation or impairment must be considered. Accordingly, the value of the contra asset account will change. Also, with IFRS (International Financial Reporting Standards) asking to report it in a particular way, the accountants must be updated with recent changes to how ...
31Investments in Joint Ventures(prior to the transition to IFRS 11), the Company’s interest in Titan, Gusgo and IC Group were classified as jointly controlled entities and Tuckamore’s share of assets, liabilities, revenue and expenses were proportionately consolidated in the consolidated financial...
Put simply, if the customer controls the use of an identified asset for a period of time, then the contract contains a lease. This will be the case if the customer can make the important decisions about the use of the asset in a similar way it makes decisions about the use of assets ...
Preparation of financial statementsin accordance with International Financial Reporting Standards (“IFRS”) requires the Management Board to make professional judgements, estimates and assumptions which affect the adopted principles and presented values of assets, equity and liabilities, income and expenses....